) recently announced that it has signed a contract with New York
State Office of Mental Health (OMH) to implement a new Electronic
Medical Record (EMR) system for the latter. The four-year
contract, worth $48.7 million, has an extension option for two
CGI Group will use the Veterans Health Information Systems and
Technology Architecture (VistA) software to build the EMR system.
The software provides combined inpatient and outpatient
electronic health records as well as administrative tools to
maintain quality medical care.
OMH is a leading healthcare delivery organization with
numerous facilities across New York. The VistA system will
facilitate collection of better data and boost the clinical
decision support of OMH. Moreover, the system will eliminate
redundant documentation and provide necessary and relevant
information to improve workflow across the various locations for
better synchronization between health and human services programs
at the state and local levels.
CGI Group expects the particular software to give OMH the
ability to adapt to federal, state and local changes, which will
consequently enable it to follow new care models, establish
next-generation disease classification coding systems and meet
the disease prevention guidelines.
Overall, this collaboration withCGI Group will enable OMH to
provide enhanced healthcare in an economic way.
CGI Group is an independent information technology and
business process services firm, and has about 69,000 employees
across the United States, Europe and the Asia Pacific. The
company's services include high-end business and IT consulting,
systems integration, application development and maintenance,
infrastructure management and a variety of proprietary
CGI Group currently carries a Zacks Rank #3 (Hold).
Better-placed stocks in the industry worth considering include
Lionbridge Technologies Inc.
Computer Sciences Corp.
). All of these have a Zacks Rank #2 (Buy).
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